Cohen & Company Inc. reported 246% total revenue growth in Q4 2025, driven primarily by Cohen & Company Capital Markets, which saw revenue surge 370% year-over-year and now accounts for 67% of company revenue. The firm maintained its number one ranking in SPAC IPO underwritings and led in de-SPAC advisory transactions. The company achieved $2,300,000 revenue per employee with 126 staff members and successfully closed its Columbus Circle Capital Corp I SPAC, generating $33 million in principal transactions revenue. For 2026, management expects Q1 revenue to substantially exceed prior-year levels. Strategic priorities include reducing SPAC dependency by expanding into traditional M&A mandates and scaling its fixed income trading business to $60-65 million. The firm plans to add eight fixed income staff and five investment banking employees, including three to five new managing directors.

Cohen & Co. acquiring accounting, consulting firm Tassi and Co.